We are advising TPG on the acquisition

Davis Polk is advising TPG on its $1.1 billion acquisition of Sabre Corporation’s Hospitality Solutions business. The transaction has been approved by Sabre’s board of directors and is expected to close by the end of the third quarter of 2025, subject to customary closing conditions and regulatory approvals.

TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $246 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate and market solutions. TPG will invest in Hospitality Solutions through TPG Capital, the firm’s U.S. and European private equity platform.

Sabre is a leading technology company that takes on the biggest opportunities and solves the most complex challenges in travel. Hospitality Solutions provides software and solutions to more than 40% of the world’s leading hotel brands. Hospitality Solutions’ SaaS-based platform serves as an integrated system of record for reservation and guest information, enabling hoteliers to operate with greater accuracy and efficiency.

The Davis Polk corporate team includes partners H. Oliver Smith and Darren M. Schweiger and associate Steven Jaffe. Partner Pritesh P. Shah and counsel Mikaela Dealissia are providing IP and commercial transactions advice. Partner Jack Orford and counsel Yuko Sin are providing sponsor finance advice. Partner Patrick E. Sigmon is providing tax advice. Partner Adam Kaminsky and counsel Joseph S. Brown are providing executive compensation advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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